Amazing Grace - Teesside Rert and Stsiement of Accounts for the Year Ended il December 2020 "Registrar of Companies Cop Company No. 07763798 AdEIPTSA
322
¢CVAPANIES HOUSE ANDERSOJY BARROWCLIFF LLP Ch8rt¢red Accountants
Arnszi race- Teesside Contents Pa Company Infom150 Report of the Trustees Sraiement of financial actlVllLes Balance Sheei Notes io rhe a¢counrs Independeui &Kaminer's Repon 10
Amazin Grate- Teesside Com an Information Trusttes Dr S Braye Dr T Gibbons MrAJPBrdye Mr T Broughio Secretary Mrs M Braye Cornpany Number 07763798 Charity Number 1145379 Registered Offite 59 1)utham Road Middlesbrough TS6 9NA Banker5 Barclays Bank I Churchill Place London E145HP Aecountants Ande(son Barrowcliff LLP 3 Kingfisher Court Boiv¢sfield Park Siockton on Tees TS18 3EX Page I
mazin Grace- Teesstde Re rtofTheTr The try5tees, Ivho are also directors of the Charity for the purwjses of the Companies Aci 2CH)6, present their report wilh the financial statemerkts of the Charbry for the year ended 31 December 2020. The rThstees have #dopted the provisions of Aceouniing and Reporting by Chariiies.. Statement of Recommended Practice appli¢abl¢ to charities preparing their accounts in accordan¢e with the FitAncial Repming Swidard applicable in the UK and Republic of Ireland (FRS 102) {effective l January 2019). OWECTIVES AND ACTIVITIES The Charity's objects and it5 principal adivity is the leaching of the bible and as515ting in the development of our congregarion'5 faith. It also eontinues to smve toivards the impTovem¢ni of family and individual wellbeing and the development and monitoring of young people in the &re& ACHIEVEMENTS In August 20?0. the Charity was able io expand with additional premises leased for the Amating Grace Teesside church in Siockion-On-Tees, UK. This enabled the Charity to open a charity shop in ihe UK with a view io offer familles and individuals lo%v price goods &$ well as provide the Chariry wilh a steady income. The Charity wa5 impacied by the Covid-19 pandefflic where churche5 both in the UK and Esionia ivere iemporarily closed. The church in Tarni, Esionia (Amuing Grace Tar) coniinues io groiy in influence and numbers despite Covid-19 restri¢iions in Esionia. The church in Redcar. UK (Amazing Glace Easi Coast) has been paused temporarily ivhi151 CoYid-19 restrittions remain in place, with exciting plans io Testan in 2021. Missionary trips to Europe were restricted during the year, however. these ivill coniinue %vher¢ p055ible in 2021. The Charity showed a deficii on unrestricied fund5 of £?6,595 (2019- £13,913) for the year. FIINANCIAL R£VIEW R¢5eryes Policy The aim of the Chari¢). 15 10 secure Iree reserves to the value of around £25.000 per annum that would facilitate iniemarional mission gro%h. At preseni the reserves do noi reach this iargei and ihe Trusttt$ are looking ai ways of increasing resEfv¢5. At the year end ihe Charity had negaiive free reserves {unrestrided Teserves less the amount invested in fi.yed assets) of £10,555 (2019= w>sitiYe £5.?40. StRUCTURE, GOVERNANCE AP4D MANACEMENT The Charity is constituted as a Company limiied by guarantee. without a share capital, and is therefore governed by a Memorandum and Anicles of As50Ci31ion. IT bewne a registered charity on 10 January 2012. The Charity is organised so ihe Tnjstees meer regularly io manatse the atTairg of the Charity. A ITU$tee i8 in charge of rhe day to day running of the Charity. Appointrnent of Trustees Mr. A. Braye, Dr. S. 8raye, Dr. T. Gibbons and Mr. T. Br(yJghton coniinue as irnsiee TRUSTEES STATEMENT In setting our objeciives and planning our xiiviiies the Trustee5 have given careful con5iderntion to the Charity CoEntnission guidance on public benefit. The Chariry satisfied the wblic benefii criteria through 11$ objectives and work done in the year for famtlies and young people. This repon hès bttn prepared in accordance with the spxial provi5ion$ of Part 15 of the Companies Acr 2006 reiaiing io small cotnpanies. By Order of the Trusrees Dale.. 27.q.Ii Dr S Bray¢, Trustee Page 2
Ama2111 Grate- Teesside Staternent of Financial Activities ncludin Income and Ex endityre Account for the Year Ended 31 D£cember 2020 (All Unrestricted) 2020 2Q19 Note INCOME FROIM: Donaiiolls and Legacies Oiher iradifig aciiviiies Govemmeni grdnts Investment income 117J86 11,708 5,798 15 127,690 2.240 35 Total Incorne J34,908 129,965 EXPENDITURE ON: Chariiable aciivitie5 164,593 143.878 Total Expenditure 164.S93 14i,878 Nel {Exp¢nditure)nqet Movement in Funds Fynd balance brought forward at l January 2020 (29.685) 33.2YI {13,913) 47,205 Fund balance Carried forward at 31 Decernber 2020 3,607 33.292 The accompanying notes fom part of these financial statements Page 3
Cornpany No- 07763798 Amazin Crace- Teesside Balance Sheet as at 31 DEcernber 2020 2020 2019 Notes Fixed Assets Tangible assets 10 14,162 28.046 Curreni Assets Debtors Cash at bAnk and in hand 2356 4.910 5.076 9,986 Creditors: Amounts falling due within one year 12 {13,415) (4.740) Nti Current Asset5 IILiabililies) (10.5))) 5.246 Net A55ets 3,607 33,292 Fund5 UTrrestricied 3ffj07 33.292 3.607 33,29? For th¢ year ended 31 December 2020 the Company ivas entiiled io exemption from audit under Secrion 477 of the Companies Aci 2006. The member5 have not required the chariiable company to obthin an audii of its fantIal ¥atemenrs for ihe year ended 31 December 2020 in accordance with Secii4)n 476 of the Companie5 Act 2006. The uwsiee5 ackno%Yledge their responsibilities for'.- (a) ensurints that the charitable company keeps accounting records that comply ivith Seciions 386 and 387 of the Companies Aci 2006 and (b) preparing flnantial statements which give a and fair vie%Y of the Slate of affairs of ihe CharibIe compally as ai ihe end of each flnancial and of lis surplus or deficii for each financial year in accordance wilh the requirements of Seciions 394 and 395 and ivhich otherwise comply iyiih (he Tequiremenrs of the CINnpanies Aci 24)06 relating to financial statements, so far as applicable lo Ihe eharitable company. These accounts have been prepared in accordanee ivith the special provisions of Pan 15 (Jf th¢ Cuitiwiies Act 200G relaring to Stnall COEnpanies. The financial siatements ivere approved by the Board of Tntte$ on behalf by= iij o7.1.fr..- and were sign¢d on ILS Mr T Broughton Trusttt The accompanying no$ fomi part of these fmancial $tements. Page 4
Amazin Grace- Teesside Notes to the Financisl S aternents f r the Year Ended 3J December 2020 STATUTORY tNFORMATION Amazing Grdce-Tees%id¢ is a privaie charithble company, limited by guaraniee, giStered in England and Wales. The comparty's registered number and regi5t¢red office address can be found in lh¢ Trnstees, Report. The financial siaiemenr5 are presented in sterling ivhich is the functional ¢uTren¢y of the charitsble company aJ)d rounded to th¢ nearest £. The significani accounting Folicies applied in the wepar*ion of ihe5e financial stsiements are sei out below. These policies have bttn consni1Y applied 10 all ye8tS prt%ented un]ess othenvtse 5wed. ACCOUNTING POLICIES (a) Basis of preparation The financial sleMentS have been prepared in accordance with AccwnÈing and Reporting by Charities= Ststement of Recommended Practice applicable io ¢hari(ies preparing thekr accounts in accordance iviih the Financial Reporting Sthndard applicable in the UK and Rcpublic of Ireland (FRS 10?) issued on 16 July 2014 {as updaied ihrough U[xIa Bulletin I published on 2 Febryary 2016), the Financial Reporting Standard applicable in the United Kingdom and Republic of Irelamd (FRS 102). the Charirie5 Aci 2011. the Companies Act 2th)6 and UK Genernlly Accepied Practice as li applies from l January 2015. Atnazing Grace-Teesside meets the definiiion of a public benefit eniity under FRS 10? Asse and liabiliiies are initially recognised ai historical cosi or transaoion value unle55 othenvise stated in the relevani ¥coupiino ? Wjlicy noie. (b) Compgn), stglus The Charity is a company limited by gllardntee. The members of ihe company are the trustees named on page l. In the evenE ol the chariry beino ivound up. lh¢ liability in respect of the guardntee is limited to £1 ptr member of the charity. (t) Fund aeeouniing General funds a unrestricied funds which are available for use ai the discretion of ihe trustees in furtherantt of the general objecriyes of the charity and which have noi been designated for other purposes. (d) Incoming resources Item5 of incijffle are reCOlsed and included in the Kcoun ivhert all of the folloiving criieria are met: The charity has eniiilemeni io the funds. Any pertorniance condiiions anached io the item(s) uf iniviiie have been Met or arc fully Ivithin ihe c<)ntrol of the chariry. There is suffi¢ieni certainry that rtteipi of the income is nSIdered probable. and The amouni can be measured reliably. There is no nelling off of expendiwre Ivithin the accounts. Donations are tredited to ineome &8 They are received. IncoEne from govemmerti and oiher grants. Ivhether capital or revenue granrs. 15 recogNised when the charity has eniiilemeni io the fvnds. any performance conditions anached to the grants have been mei, li 15 probable the income will be received and the amouni ean be measured reliably and is noi defted. Coniinued... Page 5
Am*2111 Crace- Teesside Notes to the Fin8n£i81 Staiements Cor th Year Ended 31 December 2020 ACCOUNTiNG POLICIES- eontinued (¢) Resourees expended All expendiwre is account for on an aCcAlS basis and is reco11Sed once there is a legal consDWCtive obligation Eo make a payment io a third party, it is probable that settlemenr will be required and the aTnourtt can be measured reliabty. Anributhble VA T is included in exndire and cannot be rtcovered. Expendimre is cl&8%ified under the following headings.. Charitable expendirure comprises those COSLS incuTred by the charity in the delivery of its actbvilies. li includes Ix)th cOS which can be directly allocated to aciivities and those costs of arb IndiCt nature necessary io support them. Governance c(ists are those incur¥ed in coonection iyith compliance with cons(iwtional and stawtory requirements. 10 Filed A55ets Fixed &ssets are stated at cost less accumulated depreciation. Assets costing less than £500 are not capilised. Improvemenis io propety are depreciated over ihe pericd of ihe lease. Compuier equipmenr is depreciated on a 20Y4 srraighi line b¥is. Fixmres and fittings are depreciaied on a 21Yh 5trdight line b&8is. Motor vehicles are d¢pre¢iaied on a 21fh Strdight line basis. Cash a¢ b3nK Ch at bank and cash in hand includes cash and shon iemi hiJo ly liquid inves(ments with a short marurity of ihree months or less from the date of acquisition or opening of the dep051t or similar account. (h) Debtors Trdde and other deOrS are recognised ai the settlement amouni due after any trade discount offered. Prepayments are valued the amouni prepaid after k.]ng account of any trade discounts due. Creditors Creditors and provi5ion5 are rec¢)gDised where the charity has a pre5¢ni obligaÈion resuliing from pasi event ihar ivill probably result in the Iransfer of funds io a thhrd paty and the amoun¢ due 10 se1¢ rhe obligaiion can be rneasvred or esiimai¢d reliably. Crediiors and provisions are normally recognised at their settlement amowii after allowing for any trdde discounLS due. ti) Tayation The chariEy is an exemN charity i¥ithin ihe meanhng of schedule i of the Charities Acr 2011 and is considered to pass the Eests ser oui in Paragraph I Schedule 6 Finance Act 2010 and, therefore, ir meets the definition of a charitable company for UK corporation purposes. Operating Leases Operating lease renthls are charged in the Statement of Financial A¢tivitie5 a straighi line basi5 over ihe lease ¢enn. Financial insiruments The chariry only ha5 financial assets and fiftancial liabiliiies of a kiTtd thai qualify as basic financial instnjmenls. Basic financial Insttments are iniiiolly recognised ai transaction value and subsequenily tneasured ai their settlemeni value wilh rhe exception of bank loan5 Ivhich are subsequenily measured at amortised cost Using the effective interest method. (m) Coing concern The financial sthtements have ten prepth on a going concern basis as the trusiees believe thar no material un¢¢rtainties e.%i4. The tsustee5 have considered the level of fvnds held and the ¢Npected level of income and expenditure for 12 months from auihorising these financial SWernen. The budgeied income and expendiwre is Sufficient ivith the level of re5etves for the hariry 10 be able to continue as a going conttrn. ConEinued...
Amazin Grace- Te¢sside Notes to the Financial StstemeDts for the Year Ended 31 December 2020 AccoufffING POLICIES- continued (n) Foreign ¢urrencie5 Assets and li&bilifies in foreign cuffencies are tyanslaied into sterling at the rares of exchange ruling at the balance sheei date. Tr4n5actions in foreign currencies are translated inio sierling at the rnie of exchange wling • the dale of ihe (ransaction. &xchange difference5 are taken inio accouni in arrivins ai the ¢w¢rdting profit. DONATIONS AND LEGACIES 2020 2019 Donations 11?J86 127.690 OTHER TRADING ACTIVITIES 2020 2019 Eveni income Conference iick¢ts Charity shop sale5 428 2.080 100 11280 11.708 2,240 COVERNMEf4T CRANTS 2020 2019 Coronavirus Job Reteniion Scheme 5,798 INVESTMEKf IiYCOIVI£ 2010 2019 Bank inieresi 35 DONA TED GOODS, FACILITIES OR SERVICES Volunteers donate their Eime to help in various roles across the chariry. Prior io the chariry shop opening, this htd been predominantly helping run church services and evenrs. Since the shop Oned, the Tole of volunleErs expanded 10 include rut1n8 ihe shop. There are also a small number of volunieers who help ihe charity in administion roles. CHARITABLE ACTIVITIES COSTS 2020 2019 Costs directly #llocated to #Clivities- Paymenis for pasrornl services Food & drink Leaming materials Rent & water Speaker expenses & gifi5 Missionary trip5 & expense5 East Coa51 Church Youth Work COSL% Wages Social Security Ev¢ni costs Is,oso 1.691 12,000 1.686 126 17,195 500 18,187 1,120 1,764 58,000 2,637 887 19,626 11.794 1,195 63,170 2?55 2(Kl 115381 114.102 Continued... Page 7
Ama in race-T ide r4otes to the Financial Statements for the Year Ended 31 December 2020 CHARITABLE AcfIviTIES COSTS coniinued 1020 2019 Support Costs alloeated io activities Repairs & mainienaNce Hear & lighi Printin& postage, SEationery & advenising Telephone Insurance Travel expenses Sundries Depreciation Computer expenses Bank charges Governance ¢0515 Legal fees Independent Examiner5 fee 8,612 &486 77 693 lJ19 2.629 4.929 16.819 1.720 584 1.794 2.733 198 885 401 1,4?0 745 18.004 1,428 439 2J04 1.140 619 164,593 143,878 STAFF COSTS 2020 2019 Wages & salarie5 Social Security COSIS 63,170 2J55 58.000 2,637 65,525 60,637 The average mi)nthly numberof employtts during the year was 2 (2019.. 2). No employees received emoluments in exce55 of £60.(KY). io TANGIBLE FIXED ASSETS Fi5ture5 & Fittings Cornputer Equlpment Improi'ements ¢0 Property Motor VehR¢les Total Ai l January 2020 Addiiion5 11.642 1,501 22,819 734 95.1)44 129,505 2,935 700 At 31 December 20211 13.143 US53 91044 7(w) 132,440 Depreciatio At l January 2019 Charge for Year 8.890 1,826 74.734 12.063 101,459 16,819 2.790 140 At 31 December 2020 10.716 20.625 8(797 140 118.278 r4et Book Volu¢ 31 Decernber 202(J 2,427 2,928 8247 S60 14,162 31 December 2019 2,752 4,984 20,310 28,046 Page 8
Amazin Grdce- Teesside Notes to the Financial Statemtnts for the Year Ended 31 Decernber 2020 DEBTORS 21120 2019 Other debtors 2JS6 4,910 12 CREDITORS: AMouf4TS FALLING DUE WITHIN ONE YEAR 2020 2019 Trade creditor5 Accrua15 Other taxe$ and social securiry 6.014 $021 832 2,495 1,413 13,415 4,740 13 LEASINC cOMMITMEs Minimum le payments under norpryicellable operdiing leases fall due as follows: 2020 2019 Wirhin one year Between one and five years i 0,0 4.583 The ioral lease payments rewised as an expense in the Sraiemenr of Financial Aciiviiie5 ivere £lO.000 (2019.. £10,000). 14 TRUSTEE REMUNERATION AND EXPENSES Mr A Braye rEr¢ived £6,8) for pa0] services pn)Yided. Expenses rothlling £1,642 iv¢re patd io Mr A Brdye. No other trusttt expenses or remunerdiion w¢re pald. 15 RELATED PARTY TRANSACTIONS There were no related party tyan5auions in the pertcd which require disclosure. Page 9
Amazin Graee- Teesside Inde ndent Eyaminer's R£ rt to ihe Trnsiees of Amazin Grace- Tees5ide I report io the chariry tn15rees on My exafflinaii( of the accounts of the Company for the year ended 31 December 2020. Responsibilities and basis of report A5 the ¢harity'S tru$iees of ihe Company (and also its direciors for ihe purposes of company law) you are responsible for the PrePalon of the accounrs in aeeordance with the requirements of the Companies Act 2006 ("the 2006 Aci"). Having satisfied myself that the accounts of ihe Company arE not required io be audired under Part 16 of the 2016 Aci and are eligible for independenr e.xamination, I rert in respeci of my exarnination of your charity's accounts carried oui under section 145 of the Charities Aci 2011 ('Ihe 2011 Acf.). In carying out Tny examination I have folloived Ihe dire¢tlOThs given by tht Charity Comrni5sion under seciion 145(5) (b) of the 2011 Aci. Independent examiner's staiement I have cornpleted my exarnination. I confirn) thai no mJtter5 have come tv Tlly alleniion in connection wiiii the examination giving me cause io believe'.- accouniing records were not kept in respeci of ihe Company as required by sectiort i86 of the 2006 Aci,. or the accounL% do accord wilh ihose re¢ords" or rhe accounts do noi comply with the accounting requirements of section i96 of the 2006 Aci other ihan any requiremEni that the accojnts give a-rNe and fair viV which is nix a maÉter considered a5 part of an independertt e%aminaiion' or the accounts have not been prepared in accordance iyith the meth¢)ds and principles of the Siatement of Recommended Practice for accouniing and reporting by charities [applicable to chariiies preparing their accounts accordance ivith the Financial Reporting Standard applicable in ihe UK and Republic of Ireland (FRS 102)] I have no coneerns and have come across no oiher MaerS in connec111 ivith the examinaiion to ivhieh atÈention Should be draiyn in this ieport in order io enable a PrOr uriderstanding of ihe accounts io be reached. D J Robertson Partner Anderson Ba01Vc1iff LLP Chartered Accounianls 3 Kingfisher Way Bo%vesfield Park Siock-ion on Tees TS183EX Page 10